Friends asking about $JCP?
First of all how many on social media were posting buy on May 13 and then the stock dropped 35% next day.
Now another bounce.
Out of all the stocks to buy. Why buy a stock in such financial trouble? That could end up on OTC?
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I've been in retail for over 25 years. I've seen what's been happening with a lot of the major stores, like Sears, JCP, etc....and the foot traffic in JCP is minimal. There are other stores that have positioned themselves much better that are still struggling.
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